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Unemployment Rate Drops to 7.7 Percent

RodT Wrote: Dec 07, 2012 9:42 AM
Another big victory of Barry's p;olicies. 145,000 new jobs and 545,000 unemployed left the market place, so they don't count any longer. If you don't count them, they don't count! I wonder who's going to pay for all of Barry's freebies when the labor force dries up and everyone is on the dole?

New numbers from the Bureau of Labor Statistics show the unemployment rate has dropped from 7.9 percent to 7.7 percent.

Total nonfarm payroll employment rose by 146,000 in November, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, professional and business services, and healthcare.

Economists had predicted the unemployment rate would go up as a result of Hurricane Sandy. BLS said the storm didn't have a large impact on the new statistics.

Hurricane Sandy made landfall on the Northeast coast...